State of Texas Issues Memorandum On Virtual Currencies

By | Payment Law Advisor | April 14, 2014
State of Texas Issues Memorandum On Virtual Currencies

The State of Texas is the most recent state to announce a formal policy with regard to virtual currencies. The Texas Department of Banking (DOB) issued a supervisory memorandum on April 3, 2014, interpreting how virtual currencies, including cryptocurrencies, will be regulated under the Texas Money Services Act. You can find the memorandum here.